Meeting Details

The 84th Annual General Meeting was held through Video Conference (VC) / Other Audio Visual Means (OAVM) on Friday, 3rd July, 2026. The meeting commenced at 4:00 PM and concluded at approximately 5:22 PM, lasting about 1 hour and 22 minutes.

Attendance and Participants

The meeting was attended by all Directors of the company. Shri M.P. Taparia, Chairman and Managing Director, chaired the meeting. Other participants included:

  • Shri R.J. Saboo, VP (Corporate Affairs) & Company Secretary
  • Shri P C Somani, CFO
  • Representatives of M/s Lodha & Company, Statutory Auditors
  • Representatives of M/s Kishore Bhatia & Associates, Cost Accountants
  • Mr. V. Laxman, Proprietor of M/s V Laxman & Company, Secretarial Auditor

The Register of Directors and Key Managerial Personnel (Section 170 of Companies Act, 2013) and Register of Contracts or arrangements in which directors are interested (Section 189 of Companies Act, 2013) were made available for electronic inspection to members upon specific request.

Voting Process and Methods

The company provided electronic voting facilities for shareholders. Shri V. Laxman, proprietor of V Laxman & Company, was appointed as Scrutinizer to scrutinize votes cast by shareholders through e-voting. The window for electronic voting remained open until 15 minutes after the conclusion of the AGM.

Proposed Resolutions and Agenda Items

The following five resolutions were proposed and considered at the meeting:

1. Ordinary Resolution: To receive, consider and adopt:

  • The Audited financial statements of the Company for the financial year ended 31st March, 2026
  • The Audited Balance Sheet as at 31st March, 2026
  • The Statement of Profit & Loss and Cash Flow Statement for the year ended 31st March, 2026
  • Reports of the Board of Directors and Auditors thereon
  • The Audited Consolidated Financial Statements for the Financial Year ended 31st March, 2026

2. Ordinary Resolution: To declare final dividend on Equity Shares for the Financial Year ended 31st March, 2026 and to confirm payment of Interim dividend on Equity Shares declared by the Board of Directors

3. Ordinary Resolution: Appointment of MSKA & Associates LLP, Chartered Accountants (Firm Registration No. 105047W/W101187) as the Statutory Auditors of the Company

4. Special Resolution: To appoint a Director in place of Shri V.K. Taparia (Director Identification No. 00112567) who has attained the age of seventy years and who retires by rotation and being eligible, offers himself for reappointment

5. Ordinary Resolution: Ratification of remuneration of Cost Auditors

Key Proceedings and Announcements

  • Shri R.J. Saboo welcomed all shareholders and directors
  • The Chairman confirmed the meeting was valid with more than 30 members present
  • Directors introduced themselves during the meeting
  • The facility for appointment of proxies was not available for this VC-based AGM
  • A tribute was paid to Ex-Chairman Shri B.L. Taparia
  • The Chairman's statement was read out by Shri M.P. Taparia
  • All auditor reports (statutory, cost, and secretarial) were confirmed to have no qualifications, observations, or adverse comments on financial transactions
  • Questions raised by shareholders via email were addressed by Chairman M.P. Taparia

Compliance and Disclosure Requirements

The company confirmed compliance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India regarding virtual AGMs. The voting results along with the Scrutinizer's Report were scheduled to be placed on the company website and submitted to BSE Limited, National Stock Exchange of India Limited, and NSDL within two working days of the AGM conclusion.